Key Points:
- Intuit Inc. reports a 15% revenue increase in Q3, fueled by AI platform advancements.
- Analysts set an average price target of $703.34, indicating a potential 5.60% upside.
- GuruFocus projects a GF Value suggesting a 10.9% upside within a year.
Intuit Inc. (NASDAQ: INTU) has delivered an impressive performance in its third quarter, marking a 15% increase in revenue. This robust growth is largely attributable to key advancements in the company's AI platform, alongside gains in TurboTax Live customers and mid-market solutions. The company has subsequently elevated its guidance across major metrics, including revenue and earnings per share.
Wall Street Analysts Forecast
According to projections from 27 analysts, Intuit Inc. (INTU, Financial) is poised for further growth. The average one-year price target stands at $703.34, with high and low estimates of $785.00 and $530.00, respectively. This average target suggests a potential upside of 5.60% from the current trading price of $666.07. Investors can explore more intricate forecast details on the Intuit Inc (INTU) Forecast page.
The consensus from 32 brokerage firms places Intuit's average brokerage recommendation at 2.0, which signifies an "Outperform" rating. This rating is part of a scale where 1 indicates a Strong Buy and 5 denotes a Sell. Such a rating reflects confidence in Intuit's ongoing innovation and market strategy.
GF Value Estimate
With an eye on fair value assessment, GuruFocus estimates Intuit Inc.'s (INTU, Financial) GF Value at $738.66 over the coming year. This valuation represents a projected upside of 10.9% from its current price of $666.07. The GF Value estimation takes into account the stock's historical multiples, past business growth, and future performance predictions. For more detailed data and insights, visit the Intuit Inc (INTU) Summary page.
In summary, Intuit Inc.'s strategic advancements and market positioning continue to strengthen its financial outlook, presenting promising opportunities for investors. With both Wall Street analysts and GuruFocus metrics indicating potential growth, Intuit remains a noteworthy consideration for those seeking value in the tech sector.
